Senate postpones debate on MTEF

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The Senate on Thursday postponed till December 5, debate on the 2018-2020 Medium Term Expenditure Framework (MTEF)

The postponement followed a motion by the Senate Leader, Ahmed Lawan, on the floor of the Senate on Thursday.

The upper house agreed to step down the MTEF document until Tuesday when it would have known the Organisation of Petroleum Exporting Countries (OPEC) benchmark.

The Deputy President of the Senate, Ike Ekweremadu, who presided over plenary, urged lawmakers to support the motion to enable the upper chamber take informed decisions on the matter.

He said: “We would wait and see the outcome of the OPEC meeting regarding production quota.

“That will determine what would be the ultimate benchmark.

“I, therefore, appeal that we support the prayer and step down the consideration of the report of the committee on MTEF.

“This is to ensure that by the time we come back next Tuesday, we will be able to have the necessary information that will enable us to take decision on the matter.”

NAN

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